EURUSD Jan 21 to Jan 25 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation around Y+1 with obvious weaknesses as more of the time was spent below Y+1. Closed the week below Y+1 and midpoint.

Outlook
Potential DT in the making as mentioned last week. If the DT is triggered, dropping down to B-3 is likely.

The messy situation is that euro flushed down just a bit to Y-0 and immediately snap back up above B-0, that will trigger a run to B+2 and likely much higher.

Be ready to deal with wild swings this week.

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